Satellite Ground Station Equipment Market Could Reach $125.4 billion by 2030
Satellite Ground Station Equipment Market Could Reach $125.4 billion by 2030
CAGR of Over 10 Percent Projected in New Report
The global market for Satellite Ground Station Equipment estimated at $55.9 billion in the year 2022, is projected to reach a revised size of $125.4 billion by 2030, growing at a CAGR of 10.6% over the analysis period 2022-2030. NOC (Network Operation Center) Equipment, one of the segments analyzed in the report, is projected to record a 11.9% CAGR and reach $63.2 billion by the end of the analysis period. Growth in the Vsat Equipment segment is estimated at 11% CAGR for the next 8-year period.
According to a new report from Global Industry Analysts, Inc., Innovations and advancements by select players are shaping the landscape of satellite ground station equipment, with a diverse range of companies exhibiting strong, active, niche, or trivial market presence globally.
Satellite communication intricacies, from ground to space, highlight the significance of ground equipment in facilitating seamless satellite communication infrastructure. The global market outlook reflects key trends, drivers, and restraints influencing market trajectory, with analysis by component shedding light on critical aspects.
An introduction to satellite ground station equipment provides insights into its application markets and the obstacles and resolutions encountered in ground-based satellite station service and operations. Recent market activity and influencer market insights offer valuable perspectives for industry stakeholders navigating this dynamic landscape.
The Satellite Ground Station Equipment market in the U.S. is estimated at $22.8 billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of $18 billion by the year 2030 trailing a CAGR of 12.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.3% and 10.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 10.1% CAGR.